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The Bailout of Fannie and Freddie
The United States of America has officially become a nation of bailouts. With the government takeover of Fannie Mae and Freddie Mac on Sunday, September 7 they have also become the nation’s largest mortgage provider. They now own (or back) around $5-6 trillion in mortgage loans, which is roughtly half of the existing mortgages in…
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Let’s Talk About The Late Countrywide
If you own a home, pay attention to any of the business and financial news or have ever owned a home you probably know who Countrywide is. They are of course “America’s number one home loan lender and no one can do what Countrywide can.” Well Countrywide is no more as they’ve been purchased by…
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The Housing Crisis is Not Over
I came across an interesting article the other day on the Wall Street Journal Online. Cyril Moulle-Berteaux of Traxis Partners LP (a hedge fund based in New York) wrote an article entitled “The Housing Crisis is Over.” He brought up some very interesting points, which I’d like to highlight for you and also provide some…